YEREVAN, September 11. \/ARKA\/. Armenia has arranged a series of meetings with investors in the United States and London, which will start from September 12 and may be followed by emission of USD-denominated 10-to-15-year Eurobonds, Reuters reports referring to IFR. According to the report, Citigroup and JP Morgan are set to be lead managers and book-runners. <\/p>\n\n\n\n
Armenia has also reported the redemption of a $700-million issue of Eurobonds with maturity in 2020., of which papers worth around $500 million will remain in circulation.
\nAccording to the source, the offer is valid until September 18, 2019. <\/p>\n\n\n\n
On July 4, 2019, the Armenian government made a decision on the procurement of services for issuing new Eurobonds to redeem a previous issue. Finance Minister Atom Janjughazyan said the decision is in tune with the government\u2019s program of actions.
\nHe said the government\u2019s decision proposes a regulation that will allow arranging the redemption of the first issue of Eurobonds. He added that the regulation will provide quality services to refinance $500 million worth Eurobonds of the first issue, scheduled for September 30, 2020.<\/p>\n\n\n\n
Armenia first issued $700 million worth dollar-denominated bonds in September 2013 at the yield of 6.25 percent and a maturity of 7 years. The bulk of $700 million was used to repay a $500 million Russian loan ten years ahead of schedule. The second issue was carried out in March 2015 in the amount of $500 million with a yield of 7.25% and a maturity period of 10 years. -0—<\/p>\n","protected":false},"excerpt":{"rendered":"
YEREVAN, September 11. \/ARKA\/. Armenia has arranged a series of meetings with investors in the United States and London, which will start from September 12 and may be followed by emission of USD-denominated 10-to-15-year Eurobonds, Reuters reports referring to IFR. According to the report, Citigroup and JP Morgan are set to be lead managers and […]<\/p>\n","protected":false},"author":1,"featured_media":174032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,307],"tags":[15837,13010,12546,308],"class_list":{"0":"post-123992","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bonds-am-en-en","8":"category-307","9":"tag-armenia-2","10":"tag-eurobonds","11":"tag-usd","12":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/123992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=123992"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/123992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/174032"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=123992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=123992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=123992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}